Obamacare Patients Boost Tenet To Best Performance In CEO Memory – Forbes
The Girl Scouts cant sell their cookies on school grounds. You wont be able to get a decent snack that happens to be over 200 calories. The school lunches will be basically inedible. As for soda pop? Forget about it. This stems from a law passed in 2010, called the Healthy Hunger-Free Kids Schools Act: Here is what the law was supposed to do: The legislation authorizes funding and sets policy for USDA s core child nutrition programs: the National School Lunch Program,the School Breakfast Program, the Special Supplemental NutritionProgram for Women, Infants and Children (WIC), the Summer FoodService Program, and the Child and Adult Care Food Program. The Healthy, Hunger-Free Kids Act allows USDA, for the first time in over30 years, opportunity to make real reforms to the school lunch andbreakfast programs by improving the critical nutrition and hunger safetynet for millions of children.
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In an hour-long conference call this morning to discuss second-quarter earnings, Fetter said patients who obtained coverage under the health law contributed to one-third of the companys adjusted admissions growth. He described Tenets performance as among the best he could remember, which is saying something given Fetter has held various roles at the investor-owned hospital operator since the mid-1990s. We drove the strongest growth in commercial volumes in more than a decade and we achieved rates of growth in admissions, outpatient visits, surgeries and emergency department visits that are among the best I can remember, Fetter told analysts in the conference call. The expansion of health benefits to uninsured Americans has been a boon to insurers, and providers of medical care. Hospitals, in particular, have been hit hard due in part to the slow economy, but also due to changes in how insurers pay hospitals, encouraging wellness and outpatient care to keep patients away from inpatient settings. But Tenet executives this morning outlined a bullish scenario they said improved sequentially from month to month as more Americans gained coverage beginning Jan. 1 of this year. Though executives wouldnt predict whether second-quarter growth would replicate in future quarters, they said volumes grew again in July, which is the first month of the third quarter.
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